Bitcoin, Ethereum Technical Analysis: ETH Nears 2-Month Low, as Post-Merge Sell-Off Continues – Market Updates Bitcoin News

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ETH drops to lowest point since July, as post-Merge sell-off continues.

/USD started the week trading at a high of $1,783, however it fell to a bottom of $1,415.58 earlier today.

The move saw ethereum fall below its support point of $1,430, hitting its lowest point since July 26 in the process.As seen from the chart, the decline came as the RSI collided with a support of its own, at the 38.70 mark. This landing spot has helped stabilize prices, with the earlier bleeding somewhat halted for the time being.

If we were to see this floor broken, then it is likely that bears will look to target the $1,350 level as a potential exit point.Tags in this story

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I think this is a great opportunity to spend one last usdt to buy cheap $ETH

Time to buy.

Bitcoin is going to change the world from a money transactional standpoint, not just for me but for everybody.

Sooooo dramatic

Centralized coin by now...

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Someone will continue

This is all a temporary sell off!!

haha everybody is complaining of eth, their upgrade is all flop and binance chain is over taking her blockchain

Don't miss this opportunity to be a millionaire soon gate_io will announce it soon load your bag 🎒 with $SUZUME s_shitakiri

Next support 1k

it's not forever

It will be even lower. Just have some usdt for that

Quite an expected process, I think miners sell their ETH for USDT or USD to cover losses

Well, that was expected, I guess.

Send it below 1000$ i want to fill my bag😅❤

You know what that means, when everyone is selling then it’s time to buy.

You are a hero keep posting this great thank you?..?.

Buy.

Really, I only listen to ChiefraFba for signals and analysis

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